Independence Bank of Kentucky Invests $163,000 in Walgreens Boots Alliance Inc (WBA)

Independence Bank of Kentucky bought a new position in Walgreens Boots Alliance Inc (NASDAQ:WBA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,242 shares of the pharmacy operator’s stock, valued at approximately $163,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Hudock Capital Group LLC raised its holdings in shares of Walgreens Boots Alliance by 0.5% during the second quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock valued at $102,000 after purchasing an additional 6 shares during the last quarter. Westside Investment Management Inc. raised its holdings in shares of Walgreens Boots Alliance by 10.4% during the second quarter. Westside Investment Management Inc. now owns 1,325 shares of the pharmacy operator’s stock valued at $102,000 after purchasing an additional 125 shares during the last quarter. Zions Bancorporation raised its holdings in shares of Walgreens Boots Alliance by 983.3% during the third quarter. Zions Bancorporation now owns 1,365 shares of the pharmacy operator’s stock valued at $105,000 after purchasing an additional 1,239 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of Walgreens Boots Alliance by 46.3% during the second quarter. IHT Wealth Management LLC now owns 6,946 shares of the pharmacy operator’s stock valued at $135,000 after purchasing an additional 2,199 shares during the last quarter. Finally, Bristlecone Advisors LLC purchased a new position in shares of Walgreens Boots Alliance during the third quarter valued at approximately $135,000. Hedge funds and other institutional investors own 61.57% of the company’s stock.

Walgreens Boots Alliance Inc (WBA) opened at $70.92 on Monday. The firm has a market cap of $70,260.00, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 1.19 and a beta of 1.18. Walgreens Boots Alliance Inc has a 12-month low of $63.82 and a 12-month high of $88.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.47.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.01. The business had revenue of $30.74 billion during the quarter, compared to analyst estimates of $30.39 billion. Walgreens Boots Alliance had a net margin of 3.19% and a return on equity of 19.15%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. sell-side analysts anticipate that Walgreens Boots Alliance Inc will post 5.73 EPS for the current year.

Walgreens Boots Alliance declared that its Board of Directors has authorized a share buyback program on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the pharmacy operator to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Thursday, February 15th will be given a $0.40 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.26%. Walgreens Boots Alliance’s payout ratio is currently 44.20%.

In other news, insider Stefano Pessina purchased 98,858 shares of the company’s stock in a transaction on Monday, January 15th. The stock was acquired at an average cost of $76.07 per share, for a total transaction of $7,520,128.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 14.80% of the company’s stock.

Several research analysts have recently weighed in on the stock. Needham & Company LLC decreased their price objective on shares of Walgreens Boots Alliance to $86.00 and set a “buy” rating for the company in a report on Wednesday, November 22nd. Jefferies Group set a $93.00 target price on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a report on Sunday, October 29th. Pivotal Research set a $73.00 target price on shares of Walgreens Boots Alliance and gave the company a “hold” rating in a report on Friday, January 5th. Vetr raised shares of Walgreens Boots Alliance from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research cut shares of Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $85.37.

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About Walgreens Boots Alliance

Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Company’s products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).

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Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

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